TITLE

Storm clouds gather over Long Island RE market

AUTHOR(S)
WINZELBERG, DAVID
PUB. DATE
October 2008
SOURCE
Long Island Business News (7/1993 to 5/2009);10/3/2008, Vol. 55 Issue 49, p23A
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the impact of the financial crisis on real estate market in Long Island, New York. Steve Good of Sheldon Good & Co. says the crisis is sure to affect both residential and commercial property values. As business slows, retail strip mall will likely suffer a spike in vacancies, and it is expected to have an increase in residential foreclosures, he added. Other sectors remain healthy are industrial and rental apartments, both undersupplied.
ACCESSION #
34738850

 

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